Friday, 7 November 2014

EUR/USD Downward Trend Continues




As I thought yesterday the European Central Bank Rate Decision and the USD Change in Non-farm Payrolls definitely had quite the effect on the market. The former pushed EUR/USD even further down and it reached 1.3350, and while the latter had the opposite effect it was quite weak and likely temporary. The EUR/USD downward trend is as strong as ever and is headed for 1.2200 or even 1.2000. I have seen talk of it reaching 1.000 and I am tentatively willing to agree but I think that might take a while. In the meantime I intend to keep selling.
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8 comments:

  1. Anonymous7 November 2014 at 12:12

    Thank you for the analysis i'll keep an eye.

    ReplyDelete
  2. bewayopa7 November 2014 at 15:21

    I agree with the analysis, excellent point of view.

    ReplyDelete
  3. Unknown8 November 2014 at 12:41

    great analysis, but let's not be hasty until we see the opening of the next week

    ReplyDelete
  4. Unknown8 November 2014 at 13:14

    Wow, interesting stuff.

    ReplyDelete
  5. Unknown9 November 2014 at 05:31

    Yes, selling is the way indeed.

    ReplyDelete
  6. Unknown9 November 2014 at 10:04

    I agree with it.

    ReplyDelete
  7. Unknown9 November 2014 at 13:33

    What a week for this pair!

    ReplyDelete
  8. Unknown10 November 2014 at 03:31

    I agree with your view.

    ReplyDelete

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